Like most credit card-issuers, Capital One has an array of card-linked shopping offers that cardholders can access through their online accounts. C1 calls theirs, creatively, “Capital One Offers.”
Historically, these offers were in the from of a cash back percentage. However, at some point in the second half of this year, the Capital One Offers found on cards that earn Capital One Miles changed from awarding cashback to awarding miles, making these offers much more appealing.
Quick Thoughts
In general, we’d always prefer earning a bank’s transferable currency versus earning straight cash back, as those miles can then be transferred to travel partners and redeemed for potentially much greater value. We value the average redemption of Capital One Miles at ~1.45 cent each, so by earning miles we’re theoretically getting an additional 45% (or more) uplift than we would by receiving cash back as a statement credit.
We’re not exactly sure when this change happened, the FM team started noticing it within their accounts over the last couple of months or so. Our assumption is that all cardholders with miles-earning Capital One cards are now earning miles on the offers that are attached to those cards.
It’s worth keeping an eye on these offers, as some can be quite good – note the 12x at Dell and Budget and 10x at Best Buy in the image above. All three beat anything currently offered via public shopping portals.
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Can you stack these with Rakuten? Or is it more like a shopping portal as opposed to a card-linked offer?
I believe its like a shopping portal
Offers for Spark Miles show miles as opposed to cash back.
My cap1 biz Vx is still listing % cash back.. hoping this converts at some point
To miles
I see cash back offers on my Venture X Business card and 360 checking account, and miles offers on my personal VentureOne card. Seems to be the same merchants and rates available across all three.
So this might sound like a crazy question but has anyone tried going through one of the links and using a non cap1 card? Read through the terms of a couple individual offers and it sounds like they track like a portal and not necessarily through the card used. Possible stacks?
I’ve done it before, and it tracked. I’m not really sure if it’s frowned upon if you do it all the time though.
Good to know.
Yes, I have done this three times with amex cards in the last couple weeks and it worked every time. I was able to stack with cash back offers from amex. I read through the cap one offer terms and it says you have to use the specific cap one card for in-store offers, but doesn’t specify for online purchases, which makes me think it’s intended to be this way.
A non cap 1 card you still get the bonus
Check out the subreddit on bonuses
Reddit.com/r/VentureXShoppingBonus/